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Financial Planning During Down Markets

During periods of market volatility, it is very normal to pay close attention to your portfolio while putting other aspects of your financial life on hold.  However, there are many important planning items that should not be overlooked during these times.  Here are a few planning ideas that can be implemented during market downturns that […]

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Working Wealthy – How Do I Compare?

The aspect of my job I enjoy the most is the opportunity to work with so many different people and their personal financial planning. Each client has a totally unique background, personal experience and path. But there is one common thread that weaves through all of my interactions. Whether it gets asked or remains unspoken, […]

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5 Tax-Saving Moves For Your 2019 Tax Return

Now that tax time is here, you’re probably starting to load everything into your tax preparation software or send documents to your CPA.  There are many tax documents mailed to you or available online, but what about some of the items that are tougher to keep track of?  Here are 5 helpful reminders for items […]

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Wealth Watch

Coronavirus and Market Volatility Revisited

The wild ride that has been the market as of late continues. Driven by a surge in cases of the Coronavirus in South Korea, Italy, Iran, and the United States, last week was the worst week for the stock market since the financial crisis. U.S. equities dropped by double digits with the Dow Jones Index […]

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Gifts to Children – Making Them More Effective

Gifts are made to loved ones for many reasons.  Parents may just want to give their children financial help or accomplish other worthwhile objectives.  Well-planned gifts can reduce a donor’s estate for estate tax purposes and shift income taxation to or away from the recipient of the gift.  Many objectives can be addressed in a […]

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Significant Retirement Plan Changes Are Here

The Setting Every Community Up for Retirement Enhancement Act, or SECURE Act which recently passed is one of the most significant pieces of retirement legislation in the last decade.  Here are some of the key provisions contained in the SECURE Act: Increase Required Minimum Distribution (RMD) Age From 70 ½ to 72 – The SECURE […]

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Working Wealthy – A Little Perspective

You made it through another year. How does it feel? I know, I know, you’re not even thinking about making a New Year resolution or anything corny like that. But honestly, have you taken stock of 2019 and truly recognized all that has happened the past 12 months? We’re all likely goal-oriented people. We set […]

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Wealth Watch

Mind Over Markets

On January 16th and January 23rd, BDF held its Annual Client Event in Itasca and Downtown Chicago, respectively, with over 400 clients and guests in attendance. For those not able to attend, here is a recap of the event. Market Review Chad Carlson, Director of Investment Research, reviewed 2019 – an excellent year for the […]

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New Year – Same Identity

Entering a new year can feel like a fresh start, a clean slate, with a fresh set of ambitious resolutions to make us better versions of ourselves.  I want to challenge you to add one more resolution at the beginning of this year, take some time to make sure that your financial identity is properly […]

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Top 5 Mistakes in Estate Plans – Does Yours Have Any?

The primary purpose of an estate plan is to provide for the thoughtful transition of asset ownership to intended heirs.  After a plan is drafted, mistakes can creep in and upset a carefully-drafted plan.  Below, are five of the more common problem areas to consider. 1. Misusing Joint Ownership Joint tenancy is a common form […]

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4 Things a Surviving Spouse Should Know About Social Security

The Social Security administration gives benefits to surviving spouses based on the deceased’s retirement benefit. If the survivor is already taking retirement benefits, they can take the higher of either their own or their deceased spouse’s benefit.  Rules on these benefits are based on the age of the survivor and if the deceased had begun […]

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Year-End Financial Checklist

As 2019 comes to an end, take a few minutes to put a bow on your financial life for the year by running through this quick checklist: Maximize Employer Benefits: Spend flex dollars – Many employers offer Flexible Spending Accounts for health expenses or dependent care. Often times, balances must be spent before year-end or […]

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